New Zealand-based accounting startup Xero has announced nearly $111 million of funding. Accel Partners will invest $100 million into the company, while current backer Matrix Capital Management will invest $10.8 million. The company also announced the appointment of Russell Fujioka as U.S. President, based out of Xero’s U.S. headquarters in San Francisco. “Xero’s world-class cloud platform has the power to make a real difference in the lives and success of millions of small businesses and entrepreneurs,” said Fujioka. “Xero is already one of the world’s fastest growing software companies and I’m excited to be part of the journey that will see Xero become the preferred financial platform for millions of small businesses and their advisors, especially in the United States.”
Movie and television show maker Lionsgate has invested $40 million in Telltale Games, a games developer, Variety has reported. Telltale is the developer of games based on TV shows such as The Walking Dead and Game of Thrones, while Lionsgate is behind movies such as The Hunger Games and Twilight.
Dtex Systems, a threat protection company, has raised $15 million in Series A funding, led by Norwest Venture Partners and Wing Ventures. Dtex Systems will now move to headquarters in Silicon Valley and enter the U.S. market. “Companies have hit a wall when it comes to using legacy technologies to stop insider threats. Pulling information from traditional security data sources doesn’t provide the hard evidence required to take immediate action — an audit trail must be collected directly from every endpoint,” said Mohan Koo, CEO and founder of Dtex Systems in a press release. “Dtex has adopted a ‘trust but verify’ approach which enables people-centric analytics to secure the endpoint, without compromising employee privacy.”
Integrated business management software provider Mavenlink has raised $15 million in funding and a $4 million credit facility. The investment was led by Carrick Capital Partners and Silicon Valley Bank. The company will use the new funds for product development and expanding its global market share. “Since our initial investment in 2013, Ray Grainger and his team at Mavenlink have consistently exceeded Carrick’s high expectations,” stated Jim Madden, Co-Founder and Managing Director of Carrick Capital Partners. “The company has achieved explosive growth, adding larger, sophisticated clients while continuing to earn the loyalty of their existing client base.”